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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Arrest and Court Proceedings
A Deputy Superintendent of Police (DSP) in Telangana, Sankireddy Bheem Reddy, has been arrested and sent to judicial custody for 14 days. The arrest follows an investigation by the Telangana Anti-Corruption Bureau (ACB), which uncovered illegal assets worth approximately Rs 300 crore linked to him. The ACB presented him in court on Tuesday, after which he was transferred to Chanchalguda Central Jail.
## Investigation and Asset Seizure
The ACB conducted searches at multiple locations associated with Bheem Reddy, including his residence and properties linked to his relatives and associates across Telangana and Karnataka. These searches revealed a significant amount of assets, including a villa, a house with a penthouse, several residential flats, commercial spaces, and extensive agricultural land.
## Details of Seized Assets
The assets seized include a villa in Vessella Meadows, a G+2 house in Telecom Nagar, four residential flats in Hyderabad, and a share in a commercial complex at Manikonda. Additionally, over 54 acres of agricultural land in Telangana and Karnataka, along with other properties, were discovered. The ACB also found cash, gold, silver, and bank balances during their investigation.
## Evidence and Further Investigation
The investigation intensified after the ACB reportedly found a personal diary belonging to Bheem Reddy. The diary, written before a pilgrimage, detailed his properties, investments, and alleged benami transactions. The officer allegedly shared this information with his sons via WhatsApp before his trip.
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